The Tribunal held that even a marginal increase in ITC must be passed on to buyers. Failure resulted in refund liability with interest under Section 171. The ruling confirms that interest is payable ...

Benefits of next-generation Goods and Services Tax (GST) reforms and rate reductions are reaching end consumers, with the consumption cycle expected to extend well beyond the festive season, the ...

Companies in India are continually looking for ways to obey government standards and make their businesses run more smoothly in today's fast-paced commercial world. The Virtual Place of Business (VPOB ...

It's been more than two weeks since GST 2.0 came into effect, but most consumers are still waiting to see prices drop. Despite the government's move to cut tax rates on dozens of goods and services, a ...

The court held that concessional GST applies only when prescribed supply routes are followed. Even genuine exports fail if conditions are not strictly ...

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.